US Market Indexes Close With Losses on Friday
Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favoured advancers. Microchip Technology shares fell 10.9 per cent after a disappointing second-quarter revenue forecast.

Want to be a dad? Wear boxers, not skin-tight briefs
Vij acknowledged that many studies of male fertility use sperm counts because they are much easier to study than pregnancy rates. Anything that prevents this cooling is likely to impair both sperm output and quality.

Lira fall a political plot, says Erdogan
Erdogan, who has called himself the "enemy of interest rates", wants cheap credit from banks to fuel growth. All eyes will be on the lira when foreign exchange markets reopen on Monday after the weekend pause.

Robben underlines Boateng's importance to Bayern
United are understood to have had a £22.5million offer rejected though the club maintain they only wanted a loan. The jury is still firmly out on whether Boateng will leave Bayern Munich this summer.

Turkey says Trump tariff move will harm ties, vows retaliation
The additional U.S. tariffs on steel imports from Turkey announced on August 10 will take effect today (August 13), said a report. A doubling of steel and aluminum tariffs on imports of the metals from Turkey, affect steel trade flows more than aluminum.

Tesla directors: 'No formal proposal' to take company private

Musk, who is still looking for funding for the plan, also said law firms Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson would be legal advisers on the plan.

Musk tweeted on August 7 that he had "funding secured" to buy Tesla shares at $420 per share. Musk contends the fund approached him about taking Tesla private early past year, noting that two weeks ago he was approached by the fund's managing director who expressed strong interest in financing a go-private deal.

According to Musk, the Saudi sovereign fund expressed its interest in order to diversify from oil and "has more than enough capital needed to execute on such a transaction". Their investigation is part of a larger probe into the information Musk provides on Twitter, including sales targets and other goals.

"My best estimate right now is that approximately two-thirds of shares owned by all current investors would roll over into a private Tesla", he said.

Musk said Monday he had held talks with a Saudi sovereign fund on a buyout that would take Tesla off the Nasdaq exchange - an extraordinary move for what is now the United States' most valuable automaker.

Musk's effort to associate his potential bid with some of Wall Street's most venerable institutions, even at the risk of misrepresenting their involvement, comes as pressure has been building on him to justify his pronouncement last week about the "secured" funding.

The committee has the authority to evaluate and negotiate a potential deal, or any alternatives proposed by Mr. Musk, on the board's behalf, Tesla said.

Yeagar's filing reiterates what much of what the prior suits allege: That despite affirmative statements from Musk of having secured proper investment to go private, no such plans had been made. Denholm is the chief operating officer of Telstra, a telecommunications company. Wilson Sonsini Goodrich and Rosati will be legal counsel for Tesla itself.